Cyril Voisin, an executive security advisor at Microsoft, says that while the UAE is sophisticated in many senses, it falls behind in cybersecurity. Jeffrey E Biteng / The National
Cyril Voisin, an executive security advisor at Microsoft, says that while the UAE is sophisticated in many senses, it falls behind in cybersecurity. Jeffrey E Biteng / The National
Cyril Voisin, an executive security advisor at Microsoft, says that while the UAE is sophisticated in many senses, it falls behind in cybersecurity. Jeffrey E Biteng / The National
Cyril Voisin, an executive security advisor at Microsoft, says that while the UAE is sophisticated in many senses, it falls behind in cybersecurity. Jeffrey E Biteng / The National

Mena companies’ cybersecurity is in the mail


Gillian Duncan
  • English
  • Arabic

Everything about the email looked legitimate.

The name and title of the recipient, a member of the armed forces, was correct. So was the context, about a collaborative proposal by a fellow military employee. And after sending the user to a malicious copy of the website, they were even forwarded to the real site.

But it was completely bogus, designed to entrap the user by encouraging them to download malware that would go on to infect his company’s entire IT network. “This is a real attack that we saw,” says Cyril Voisin, an executive security adviser for the Enterprise Cybersecurity Group in France, the Middle East and Africa at Microsoft. “We had the authorisation from the victim to publish it to say this is what it looks like.”

Microsoft experts analysed this common problem during the Cybersecurity and Threat Protection event it hosted in Dubai last week, where chief security officers from three UAE companies, including Emirates Group and National Bank of Abu Dhabi (NBAD, which rebranded this week as First Abu Dhabi Bank), revealed the online threats their companies face and the strategies they use to defeat them.

“Email is the predominant source for these malware attacks,” says Ana Serrano, a product marketing manager for Office 365 at Microsoft Gulf. “Why? First of all, it is a very accessible entry point. Using email, the attack can take many different forms. So the attackers are being very creative with it. Finally, it can be very targeted for the user so it arouses zero suspicion for the person who receives the email.”

In the UAE, 3.2 per cent of the machines Microsoft inspected were found to be infected by viruses, according to an average of the past four Microsoft Security Intelligence Reports. This is about triple the worldwide average of 1 per cent.

“We have a challenge, because we are a very sophisticated country. We are 10 years ahead in so many aspects, but on this we still have some work to do because we have more infections than the rest of the world,” says Mr Voisin.

But companies are now fighting back. Sandro Bucchianeri, the head of cybersecurity, transformation and strategy at NBAD, who took part in the Microsoft event’s panel discussion, says two or three years ago he could not approach the board for a budget to tackle security. That has now changed.

“Now when I go and say we need money for this initiative or that initiative we get that support,” says Mr Bucchianeri.

He says the bank has moved away from traditional methods of educating its employees about cybersecurity risks – such as using a 30-minute slide show – because it is not effective.

“We try to make it more interactive,” he says. “We send them nasty emails for real-world experience, which is testing their ability. When we address security we bring it back down, so ‘how do you secure your Wi-Fi? What should you be looking for to secure your Facebook?’ We try to bring examples to our staff and by doing that we increase their awareness level.”

His fellow panellist Thomas Heuckeroth, the vice president for cybersecurity and infrastructure management at Emirates Group, agrees that recurring 30-minute training sessions do not work. Instead, he says it is important to make the education role-specific.

“It is important that you speak differently to a finance manager than you speak to someone who is sitting in a day-to-day operational job because to them it is completely different,” he says, adding that because most people have a Facebook account, they highlight cyber-attack stories from the media to their staff.

“Everyone has read them, [so we say] what can you do to protect yourself? That’s how we typically make it tangible,” says Mr Heuckeroth.

Saqib Chaudhry, the chief information security officer at the Cleveland Clinic, says the hospital’s comprehensive security programme uses methods such as games to teach its employees about potential threats.

“We also use infographics to catch attention,” he says. “To get the curiosity out there, we say ‘you don’t have to ask questions about securing devices at work, but what are your personal concerns about your computers at home, about how to protect your kids from social media?’”

Mr Chaudhry says the hospital is also looking into a rewards programme for employees who report a phishing email or another security control lapse.

But chief security officers still have work to do. The event heard that it takes on average 146 days globally to detect and deal with an attack. This was from the 2015 Mandiant M-Trends Emea report, released last June. In Europe, the Middle East and Africa, the “dwell time” is even higher at 469 days.

“My ideal world is within 15 to 20 minutes,” says Mr Bucchianeri. “I need to know who is on my network and get them off it as soon as possible. I am under no illusion that my network will be breached. When I go to the board and they ask me how secure we are, I say, ‘We are as secure as everyone in this room. If any one of you clicks on a phishing email it negates what we have been trying to do’.”

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Contracted list

Ashton Agar, Alex Carey, Pat Cummins, Aaron Finch, Peter Handscomb, Josh Hazlewood, Travis Head, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Mitchell Marsh, Tim Paine, Matt Renshaw, Jhye Richardson, Kane Richardson, Billy Stanlake, Mitchell Starc, Marcus Stoinis, Andrew Tye.

COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

Retail gloom

Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

Sunday:
GP3 race: 12:10pm
Formula 2 race: 1:35pm
Formula 1 race: 5:10pm
Performance: Guns N' Roses

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%203.0-litre%20six-cylinder%20turbo%20(BMW%20B58)%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20340hp%20at%206%2C500rpm%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20500Nm%20from%201%2C600-4%2C500rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20ZF%208-speed%20auto%3Cbr%3E%3Cstrong%3E0-100kph%3A%3C%2Fstrong%3E%204.2sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20267kph%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh462%2C189%3Cbr%3E%3Cstrong%3EWarranty%3A%3C%2Fstrong%3E%2030-month%2F48%2C000k%3C%2Fp%3E%0A
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Scoreline

Liverpool 3
Mane (7'), Salah (69'), Firmino (90')

Bournemouth 0

UAE currency: the story behind the money in your pockets
Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Meydan racecard:

6.30pm: Handicap | US$135,000 (Dirt) | 1,400 metres

7.05pm: Handicap | $135,000 (Turf) | 1,200m

7.40pm: Dubai Millennium Stakes | Group 3 | $200,000 (T) | 2,000m

8.15pm: UAE Oaks | Group 3 | $250,000 (D) | 1,900m

8.50pm: Zabeel Mile | Group 2 | $250,000 (T) | 1,600m

9.20pm: Handicap | $135,000 (T) | 1,600m